Tiffany: beats consensus in Q2.
(CercleFinance.com) - The American jeweler Tiffany has reported a 9% increase in its net income to 115 million dollars for Q2 of its fiscal year, meaning EPS of 92 cents, while the consensus was only expecting 87 cents.
At 960 million dollars, sales were up 3% as reported, driven by wholesale diamond sales and performance in the Asia-Pacific zone, as well as online commerce. On a like-for-like basis, however, revenues fell by 1%.
Over the full-year, Tiffany's management maintains its mid-single digit adjusted EPS growth target, with low-single digit growth in revenues.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
At 960 million dollars, sales were up 3% as reported, driven by wholesale diamond sales and performance in the Asia-Pacific zone, as well as online commerce. On a like-for-like basis, however, revenues fell by 1%.
Over the full-year, Tiffany's management maintains its mid-single digit adjusted EPS growth target, with low-single digit growth in revenues.
Copyright (c) 2017 CercleFinance.com. All rights reserved.